Transportation reporter Jon Hilkevitch discusses Mayor-elect Emanuel’s new appointment of Forrest Claypool to run the Chicago Transit Authority. Then as Standard & Poor’s lowers its outlook on U.S. debt to “negative”, CNBC contributor Andy Busch talks about the fallout and what the downgrade could mean for Chicagoans in the short and long term. And WBEZ criminal justice reporter Robert Wildeboer breaks down what to expect in the retrial of former Illinois Gov. Rod Blagojevich.